April 3rd, 2012
03:39 PM ET
NEW YORK (CNNMoney) - President Obama thoroughly denounced the budget plan favored by House Republicans on Tuesday, calling it "thinly veiled social Darwinism" that will only exacerbate income inequality in America.
The president's address, delivered to the American Society of Newspaper Editors, also marked the first time that he has called out Mitt Romney, his likely challenger, by name.
That passing reference, in which Obama linked the former governor of Massachusetts to the budget written by Rep. Paul Ryan and adopted by his House colleagues, marks an opening volley in a bitter campaign that will stretch until November.FULL STORY
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